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View Diary: What Paycheck-to-Paycheck Means (110 comments)

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  •  I read an article in the Economist this morning (5+ / 0-)

    about a survey of American business Sooper Geeniuses (I think Harvard B School grads were surveyed) and they overwhelmingly were pessimistic about the prospects of the US and thought Brazil, China and...India (?) were all going to surpass us economically soon....the worst part of all though was that given a choice, they'd offshore jobs to avoid US taxes and wages and regulations.  We are in competition for our very lives...the world oligarchs very much want to cut the communication channels that might get the world 99 percenters connected to overthrow the power that the tiny top percenters hold. No wonder the internet is under such attack from bills like SOPA and PIPA...they want us all working like the Foxconn serfs.

    Our business overlords want a return to the middle ages where the very few held all the wealth and the masses were in poverty. Who needs a strong middle class now that they've hijacked the wealth already?

    "one useless man is a shame, two is a law firm, and three or more is a congress" -- John Adams

    by blue armadillo on Sat Jan 28, 2012 at 02:26:56 PM PST

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    •  The top global 1%... (0+ / 0-)

      ...makes $50k/year and above.

      (-5.50,-6.67): Left Libertarian
      Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

      by Sparhawk on Sat Jan 28, 2012 at 03:52:02 PM PST

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      •  70% of working Americans make less than 30K (0+ / 0-)

        Fear is your only God.

        by JesseCW on Sun Jan 29, 2012 at 11:06:09 AM PST

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      •  The 1% (1+ / 0-)
        Recommended by:
        Orman West

        does not refer to a literal percentage, it's a short and sweet stand in for those who control the decision making process in the economy. The 1% would include the most powerful in every country who work hand in hand multinational companies to put the wants of corporations ahead of the good of those companies, along with the upper management of the largest corporations.

        The average person making $50K is not part of the 1%, they don't have the kind of power to effect the economy in significant ways. Heck Tim Tebow, making making millions isn't part of the 1%, because it's not about $$$ it's about those who have power and are using it to corrupt the system.

        They say a little knowledge is a dangerous thing, but it's not one half so bad as a lot of ignorance. Terry Pratchett

        by Toon on Sun Jan 29, 2012 at 07:10:40 PM PST

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    •  i really think (2+ / 0-)
      Recommended by:
      revsue, trueblueliberal

      Our only chance is for the overseas labor markets to unionize. Which i understand would involve violence and lives lost. Cant blame them if they dont want to fight that battle

      One great big festering neon distraction, I've a suggestion to keep you all occupied.

      by Orman West on Sat Jan 28, 2012 at 04:13:20 PM PST

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